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Development Macroeconomics
Third edition
Pierre-Richard Agénor & Peter J. Montiel

Hardcover | 2008 | $110.00/ £39.95 | ISBN: 9780691130903
832 pp. | 6 x 9 | 66 line illus. 1 table. | SHOPPING CART

eBook | ISBN: 9781400835836 |
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Fourth Edition available in paperback

Since it was first published in 1995, Development Macroeconomics has remained the definitive textbook on the macroeconomics of developing countries. Now, in this fully revised and updated third edition, Pierre-Richard Agénor and Peter Montiel cover the latest advances in this rapidly changing field, making this the most up-to-date, authoritative, and comprehensive book available on the macroeconomic issues and challenges developing nations confront today.

Agénor and Montiel provide completely new and expanded coverage of fiscal discipline, monetary policy regimes, currency and banking crises, monetary unions, management of capital flows, the choice of an exchange-rate regime, public capital and growth, the political economy of stabilization and adjustment--and much more. They review attempts that have been made to adapt standard macroeconomic analysis to conditions in developing economies, and they use a variety of analytical models to address the macroeconomic policy issues that most concern these countries. Agénor and Montiel systematically examine empirical evidence on behavioral assumptions and on the effects of macroeconomic policies in developing nations. They also provide extensive references to literature in the field.

This new edition of Development Macroeconomics is the ideal introduction for students and an indispensable resource for researchers.

  • Fully updated and expanded
  • Provides the most comprehensive treatment of the macroeconomics of developing nations
  • Features new material on fiscal discipline, monetary policy regimes, currency and banking crises--and much more
  • Includes extensive references
  • Serves both as a graduate textbook and a resource for researchers


"Since the second edition of this text was published in 1999, both the field of development economics and developing economies themselves have undergone substantial change. Agenor and Montiel have added considerable new material to this third edition, most notably dealing with issues that have risen to prominence in the last decade. . . . This comprehensive treatment of development from a macroeconomic perspective is an indispensable reference for graduate students and faculty."--Choice

"Since its first edition, the book has remained the definitive text on the macroeconomics of developing countries. In this third edition, the authors try to cover the latest advances in this rapidly changing field, making the book the most comprehensive source on the subject."--Abstracts of Public Administration, Development, and Environment


"This new edition of Agénor and Montiel's excellent book expands and brings up to date the analysis and recent trends of the management of capital inflows, public and private debts, fiscal discipline, monetary policy regimes, financial crises and stabilization, currency unions, and the choice of an exchange-rate regime. This will remain the essential reference for scholars, graduate students, and practitioners interested in development macroeconomics."--Joshua Aizenman, University of California, Santa Cruz

"This is by far the best book on the macroeconomics of emerging countries. It covers the right topics, and the blend of theory and policy is masterful. A must-read for graduate students, analysts, and policymakers."--Sebastian Edwards, University of California, Los Angeles

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    File created: 5/10/2015

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